| Product Code: ETC5572055 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada continued to rely on key exporters such as the USA, Panama, Puerto Rico, Trinidad and Tobago, and Switzerland for electronic toll collection imports. Despite a high concentration of market share, the industry experienced a significant decline in growth rate from 2023 to 2024. However, the overall compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 10.99%, indicating a positive trend in the market. Grenada`s electronic toll collection import market shows resilience and potential for continued growth in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Electronic Toll Collection Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Electronic Toll Collection Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Electronic Toll Collection Market - Industry Life Cycle |
3.4 Grenada Electronic Toll Collection Market - Porter's Five Forces |
3.5 Grenada Electronic Toll Collection Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Grenada Electronic Toll Collection Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 Grenada Electronic Toll Collection Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 Grenada Electronic Toll Collection Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Grenada Electronic Toll Collection Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives to modernize transportation infrastructure |
4.2.2 Increasing need for efficient toll collection systems to reduce traffic congestion |
4.2.3 Growing adoption of electronic payment systems for convenience and speed |
4.3 Market Restraints |
4.3.1 Initial high implementation costs for electronic toll collection systems |
4.3.2 Resistance from traditional toll operators and users to switch to electronic systems |
4.3.3 Concerns about data privacy and security associated with electronic payment systems |
5 Grenada Electronic Toll Collection Market Trends |
6 Grenada Electronic Toll Collection Market Segmentations |
6.1 Grenada Electronic Toll Collection Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Grenada Electronic Toll Collection Market Revenues & Volume, By RFID, 2021-2031F |
6.1.3 Grenada Electronic Toll Collection Market Revenues & Volume, By DSRC, 2021-2031F |
6.1.4 Grenada Electronic Toll Collection Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Electronic Toll Collection Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 Grenada Electronic Toll Collection Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 Grenada Electronic Toll Collection Market Revenues & Volume, By Back-office and Other Services, 2021-2031F |
6.3 Grenada Electronic Toll Collection Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Electronic Toll Collection Market Revenues & Volume, By Highways, 2021-2031F |
6.3.3 Grenada Electronic Toll Collection Market Revenues & Volume, By Urban Area, 2021-2031F |
6.4 Grenada Electronic Toll Collection Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 Grenada Electronic Toll Collection Market Revenues & Volume, By Transponder-/Tag-based Tolling Systems, 2021-2031F |
6.4.3 Grenada Electronic Toll Collection Market Revenues & Volume, By Other Tolling Systems, 2021-2031F |
7 Grenada Electronic Toll Collection Market Import-Export Trade Statistics |
7.1 Grenada Electronic Toll Collection Market Export to Major Countries |
7.2 Grenada Electronic Toll Collection Market Imports from Major Countries |
8 Grenada Electronic Toll Collection Market Key Performance Indicators |
8.1 Average transaction processing time |
8.2 Percentage increase in adoption rate of electronic toll collection |
8.3 Average revenue per transaction |
8.4 Number of new toll collection points equipped with electronic systems |
8.5 Customer satisfaction rating with electronic toll collection experience |
9 Grenada Electronic Toll Collection Market - Opportunity Assessment |
9.1 Grenada Electronic Toll Collection Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Grenada Electronic Toll Collection Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 Grenada Electronic Toll Collection Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 Grenada Electronic Toll Collection Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Grenada Electronic Toll Collection Market - Competitive Landscape |
10.1 Grenada Electronic Toll Collection Market Revenue Share, By Companies, 2024 |
10.2 Grenada Electronic Toll Collection Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |